The International Resource Privilege

The International Resource Privilege is the power to transfer ownership or freely dispose of the natural resources of a country by the authority that countries give to the current leadership or government of that country. The resource privilege exists regardless of how the rulers came to power. While bribery is often illegal, the purchase of these resources by payment to the current government in control is legal. Corrupt leaders sell these resources to generate revenue which entrenches the corrupt government and incentivizing the seizure of power itself. This further handicaps the ability to achieve democracy along with hindering economic growth and the eradication of poverty. rdf:langString